06 March 2009

Another speech - another drop

President Obama spoke today about his intentions to reform health care.

While he spoke, the markets took another plunge, ultimately shaking out to between -4 (S&P) to -281.4 (Dow).

I have a solution, Mr. President. You and everyone on your economic team must either focus solely on the economic problems and their solutions, or you must be quiet. The time allotted isn't enough to split the energy and focus of your 'brain-trust' (such as it is). Trying to add on vague statements about reforming, just about everything, dilutes any trust of interest.

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